According to the notification, two major changes in the ITR forms have been effected. First, an individual taxpayer cannot file return either in ITR-1 or ITR4 if he is a joint-owner in house property. Secondly, ITR-1 form is not valid for those individuals who have deposited more than Rs 1 crore ...
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Allow’s talk few trend setting tax reforms forth coming with a view to exchange the dynamics of enterprise in india. Taxpayers have to preserve the subsequent matters in mind of GST in this upcoming 12 months: 1. E-invoice: new e-invoicing machine goes to be applied in gst that is mandat...
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1. What is Form GSTR-9C? GSTR-9C is a reconciliation statement required to be furnished by a taxpayer whose turnover exceeds Rs.2 crore in a financial year while filing his annual return in form GSTR-9. It should be prepared and certified by a Chartered Accountant/Cost Accountant. The...
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1. What is TDS? Tax deducted at source (TDS) is one in all the ways that to gather tax supported sure percentages on the amount collectable by the receiver on goods/services. The collected tax could be a revenue for the government. 2. Who can be liable to deduct TDS under GST law? A depa...
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What is a Secured Loan? A secured loan is a loan given out by a financial institution wherein an asset is used as collateral or security for the loan. For example, you can use your house, gold, etc., to avail a loan amount that corresponds to the asset’s value. In the case of a secured loan...
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On fourteen November 2019, the govt provided major relief to taxpayers by extending the day of the month for filing GSTR-9 and GSTR-9C. The maturity for filing GSTR-9 and GSTR-9C was extended to December, 31 2019 for FY 2017-18 and March 31, 2020 for FY 2018-19. In addition to...
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